New Murabba opens partnership doors for Mukaab

Once completed, the Mukaab will be one of the largest built structures in the world.
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Updated 29 May 2024
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New Murabba opens partnership doors for Mukaab

The New Murabba Development Company, owned by Saudi Arabia’s Public Investment Fund, is inviting the world’s leading contractors to take part in bringing its groundbreaking Mukaab to reality. An icon and cornerstone of Riyadh’s New Murabba mixed-use development, the Mukaab will feature the latest immersive technologies and will be one of the largest built structures in the world.

The year 2024 is primed to be a year of major progress for this landmark, with the excavation of nearly 5 million cubic meters of material, the award of the permanent piling works slated to commence in Q2 2024, and the tendering of the raft foundation and main works packages later this year — each marking a significant milestone in the destination’s progression.

“As part of its mission to deliver the Mukaab, New Murabba Development Company seeks to partner with contractors who uphold the highest standards of excellence, safety, worker welfare, sustainability, and innovation in all aspects of delivery,” a statement said.

“Applying contractors should share New Murabba’s bold vision, and be qualified to apply advanced approaches and methodologies that will ensure the development’s success and breathe life into the architectural marvel that the Mukaab represents.”

This invitation extends to globally recognized contractors specialized in large-scale construction developments that cover the full spectrum of the project delivery lifecycle, from the enabling work stage through to the construction and handover stages.

Additionally, New Murabba Development Company is seeking the interest of leading international, regional, and Saudi-based contractors specialized in long-span structural steel works, large-scale design-build façade developments, expansive public realm constructions, critical infrastructure, and pioneering technology developments.

Contractors interested in contributing to the delivery of this innovative destination, which symbolizes Saudi Arabia’s rich cultural heritage and commitment to innovation, are encouraged to visit the New Murabba Development Company website for more information.

“By partnering with New Murabba Development Company, contractors will have an outstanding opportunity to contribute to a development that is set to become an international symbol of architectural and construction excellence,” the statement said. “Partnering with New Murabba Development Company to bring the Mukaab to life will involve taking part in a legacy that will stand the test of time and inspire the Kingdom’s future generations,” it added.

Once completed, the Mukaab will be one of the largest built structures in the world, measuring 400 meters in height, width, and length.


KSA’s dynamic construction sector under spotlight at show

Photo: (X @thebig5saudi)
Updated 33 sec ago
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KSA’s dynamic construction sector under spotlight at show

  • Held at the ICC Theatre, Hall 6, Riyadh Front Exhibition and Conference Center, the event spotlighted transformative developments and opportunities, aligning with Saudi Arabia’s Vision 2030 goals

Saudi Arabia’s construction industry is rapidly evolving, fueled by technological advancements, strategies in large-scale projects, policy reforms and sustainability. Returning once again to Big 5 Construct Saudi, the International Contracting Conference, organized by the Saudi Contractors Authority and dmg events and taking place on Feb. 15-16, hosted government officials, industry leaders and policymakers to share insights into navigating the Kingdom’s construction landscape and exploring new opportunities.
ICC 2025 united top contractors and international contracting experts in the Kingdom for two days of insightful dialogues and discussions focusing on topics such as the impact of Vision 2030, innovative construction methods, digital tools for project management and government-private sector collaboration. Held at the ICC Theatre, Hall 6, Riyadh Front Exhibition and Conference Center, the event spotlighted transformative developments and opportunities, aligning with Saudi Arabia’s Vision 2030 goals.
Prominent industry leaders who headlined the conference this year included: Khalid Al-Othman, president of the National Committee for Sustainability and Green Economy, Federation of Saudi Chambers; Dr. Anas Bataw, strategy and innovation director, KEO International Consultants; Prakash Senghani, CEO and co-founder, Navatech; James Irvine, managing director, Alvarez and Marshal; Alaa Arabi, principal, TBH; Alexander Sarac, partner at Addleshaw Goddard; Ayman Alwaleedi, executive director — project management at Rua Al-Madinah; Mark Sperring, regional PMC director; and Wael Allan, chief executive at Ayar International Contracting Company.

Complementing ICC, Big 5 Construct Saudi is also hosting Big 5 Talks, featuring more than 75 expert-led sessions designed to empower professionals with actionable strategies and progressive insights over two weeks. Featuring over 150 speakers, subject-matter experts and leaders, these sessions cover various topics impacting the Kingdom’s built environment, enabling attendees to have fresh ideas, practical solutions and professional growth.
The first week (Feb. 15-18) will lay strong foundations for the construction industry, covering key topics from design to execution. Discussions will explore advancements in HVAC R, modular construction, project management, health and safety and regulatory compliance.
In the second week (Feb. 24–27), the focus will shift to transforming projects from fit-out to services, with an emphasis on sustainable solutions and operational excellence. The Architect Leaders Forum will bring together industry visionaries to discuss trends shaping architectural design, while sessions on facilities management and green buildings will highlight the best practices for maintaining sustainable structures.
With more than 5,200 construction projects currently underway, including NEOM, The Red Sea Project, Qiddiya, Diriyah and others, valued at an estimated $819 billion, the Kingdom’s development initiatives showcase the immense scale and ambition of its transformation.
“As Saudi Arabia sprints toward Vision 2030, organizations and individuals must evolve to help facilitate these ambitions,” said Muhammed Kazi, senior vice president of construction at dmg events. “The panel discussions and sessions at Big 5 Construct Saudi are therefore strategically curated to address the industry challenges and provide innovative ideas and solutions to meet the Kingdom’s goals for its dynamic contracting sector.”

 


Intertek strengthens Middle East commitment with new regional HQ in Riyadh

Updated 16 February 2025
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Intertek strengthens Middle East commitment with new regional HQ in Riyadh

Intertek, a leading Total Quality Assurance provider to industries worldwide, has opened its regional headquarters in Riyadh. This new hub will play a key role in supporting Intertek’s expanding portfolio of services and solidifying its commitment to customers in the region, as well as highlighting Intertek’s role in achieving the goals of Saudi Arabia’s Vision 2030. 

Intertek’s own vision focuses on innovation, sustainability, and industry diversification. With the Kingdom reducing its reliance on oil by fostering growth in key sectors such as manufacturing, renewable energy, tourism, and technology, Intertek aims to stand as a trusted partner in this transformation. With a strong legacy in the oil and gas sector, Intertek continues to support the industry’s evolution while leveraging its expertise to help businesses across all sectors meet the highest quality and safety standards. Through its comprehensive assurance, testing, inspection, and certification solutions, Intertek enables organizations to innovate, expand, and contribute to the Kingdom’s diversified economy. Intertek’s sustainability solutions, including environmental audits and renewable energy certifications, also align with Saudi Arabia’s commitment to a greener future, driving economic growth and environmental responsibility. 

Saudi Arabia’s Vision 2030 is focused on building state-of-the-art infrastructure, and Intertek’s services in construction material testing, inspection, and certification help ensure that these projects meet global safety and quality standards. Intertek also empowers local talent by investing in capacity-building and professional development programs, fostering the growth of Saudi talent in the quality and assurance fields. Through these efforts, the company is helping Saudi businesses thrive in the global marketplace, furthering the Kingdom’s ambition to become a leading global economic hub, while upholding excellence in the oil and gas industry. 

Hanna Jabbour, Intertek vice president, industry services, MENAWA, SSA, and South-East Asia, said: “Intertek has been operating in Saudi Arabia for more than 30 years, and we are proud to play a vital role in supporting the country’s infrastructure development and global competitiveness. The opening of our regional headquarters marks a significant long-term investment and commitment to the Saudi market, reflecting the Kingdom’s ambition to create a sustainable and thriving economy by 2030 and beyond.”

Steven Owens, Intertek managing director, MENAP, said: “Our portfolio of complementary services and expertise has always been closely connected to the evolving needs of our customers. The new headquarters location will enable our teams to collaborate more efficiently and effectively while providing a local foundation on which to support the broader region.” 

Present at the regional headquarters opening ceremony in Riyadh were Jabbour; Owens; Ross McCluskey, Intertek executive vice president Europe, Middle East and Africa and government and trade services; Bertrand Mallet, EVP, Intertek industry services; a senior adviser from the Ministry of Investment; UK embassy representatives; and several government officials. 


STC Bank partners with PLDT Global to expand digital payment solutions

Updated 15 February 2025
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STC Bank partners with PLDT Global to expand digital payment solutions

STC Bank, a leading Saudi digital bank, has entered into a strategic partnership with PLDT Global Corporation, the international arm of PLDT Inc., to enhance digital financial solutions and payment accessibility for its customers in Saudi Arabia.
As part of the strategic partnership, STC Bank will be available as a payment option within PLDT Global’s digital marketplace, Tindahan ni Bossing, and include Vortex products on its marketplace. Vortex, PLDT Global’s robust, secure, and integration-ready digital distribution platform, ensures seamless transactions for users, enabling them to conduct smooth and secure digital payments.

Nizar Altwaijri, CEO of STC Bank

By leveraging its digital banking infrastructure and expertise, STC Bank will facilitate financial inclusion, streamline cross-border payments, and enhance cybersecurity measures to safeguard digital transactions for PLDT’s customers in Saudi Arabia.
“At STC Bank, we are driving financial inclusion through innovation that empowers individuals and businesses alike. Our collaboration with PLDT Global aligns with our mission to enhance digital banking accessibility, ensuring seamless and efficient transactions for our customers, no matter how far they are from their home countries” said Nizar Altwaijri, CEO of STC Bank.

At STC Bank, we are driving financial inclusion through innovation that empowers individuals and businesses alike.

Nizar Altwaijri, CEO of STC Bank

“We are thrilled to join forces with STC Bank. This partnership will enable us to provide every Filipino and our other customers in Saudi Arabia with convenient and secure payment options that meet their evolving needs. Together, we are committed to empowering businesses and communities at home and abroad,” said Albert V. Villa-Real, president and CEO at PLDT Global.
This strategic alliance is in line with STC Bank’s continued expansion into global digital ecosystems, reinforcing its commitment to offering cutting-edge financial services that cater to the evolving needs of Saudi citizens and residents in an increasingly digital economy.

 


HVAC leader Rheem marks 100 years with Saudi expansion

Updated 16 February 2025
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HVAC leader Rheem marks 100 years with Saudi expansion

As Rheem celebrates its 100th year anniversary this year, the company is reflecting on a century of innovation, technological advancements and global expansion. Established in 1925, Rheem has become a world leader in heating, cooling, and water heating solutions, providing reliable and energy-efficient systems to customers across the globe. With a strong presence in more than 50 countries, Rheem’s journey has been marked by a relentless pursuit of excellence, and this milestone year underscores its commitment to the future.

Rheem established its regional headquarters in Saudi Arabia, solidifying its investment in the Middle East and demonstrating the company’s commitment to fostering innovation and local talent in the Kingdom. Rheem’s presence in Saudi Arabia is a key in its global expansion plans, ensuring the delivery of world-class HVAC solutions to one of the most rapidly growing markets in the region.

At the core of Rheem Middle East’s expansion is Rheem Saudi Arabia and the launch of its cutting-edge Innovation and Learning Center in Riyadh. This state-of-the-art facility not only showcases Rheem’s latest technologies but also serves as a training ground for the next generation of Saudi professionals. Through its comprehensive training programs, Rheem is empowering young Saudis with essential skills, aligning with the Kingdom’s Vision 2030 goals of local talent development and economic diversification. Rheem aims to create opportunities for Saudi nationals, enhancing their technical expertise and leadership skills in an industry vital to the Kingdom’s infrastructural and economic progress. This strategic investment in human capital echoes Vision 2030’s emphasis on building a skilled, competitive workforce that can drive future growth.

Going further, as part of its commitment to Vision 2030, Rheem is focused on playing a key role in advancing Saudi Arabia’s goals of diversification and sustainability. By providing cutting-edge HVAC solutions, Rheem supports the Kingdom’s objectives of reducing energy consumption and promoting eco-friendly technologies. The company’s focus on innovation and sustainability aligns with Vision 2030’s pillar of environmental responsibility, as Rheem strives to contribute to the Kingdom’s shift toward a greener future.

Rheem’s century-long legacy is built on a foundation of innovation, quality, and sustainability, which has been recognized globally through numerous awards. The company has consistently been lauded for its energy-efficient technologies and its role in advancing sustainable HVAC solutions, from being awarded for the best-in-class product innovation to receiving accolades for outstanding customer service.

As Rheem approaches its 100th anniversary, the company looks back on decades of strong partnerships and satisfied clients. Renowned for its reliability and innovation, Rheem has earned the trust of leading developers, contractors, and homeowners across the globe. 

The company remains focused on its mission of innovation and global growth. The establishment of the regional headquarters and ILC in Saudi Arabia signals Rheem’s continued commitment to shaping the future of the HVAC industry in Saudi Arabia and across the globe.


Al-Majalla at 45: A legacy of excellence, a future of innovation

Updated 15 February 2025
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Al-Majalla at 45: A legacy of excellence, a future of innovation

The Middle East’s leading Arabic current affairs magazine Al-Majalla is celebrating its 45th anniversary, coinciding with the second anniversary of its digital transformation, which introduced a suite of new digital products, an upgraded bilingual website in Arabic and English, and enhanced social media and interactive digital platforms.

Since its establishment in 1980, Al-Majalla has held a unique position in the media landscape as a reliable source of news and bold intellectual discourse. Over the decades, it has earned the trust of thought leaders and decision-makers, delivering in-depth, balanced analyses that explore and analyze the issues shaping our world. Al-Majalla has conducted exclusive interviews with global and regional leaders, published groundbreaking investigative reports spanning politics, culture, economics, and technology, and served as a premier platform for the most important political and intellectual voices from the Middle East and beyond.

For more than four decades, Al-Majalla has provided unique coverage of pivotal events in regional and global history, led by a distinguished group of journalists and editors-in-chief who have left a significant mark on the media landscape, including Abdulrahman Al-Rashed, Othman Al-Omair, and Adel Al-Toraifi. Throughout its history, the magazine has been a trusted source for insightful perspectives and precise analyses on significant historical milestones. Al-Majalla was among the first to recognize the Iranian threat, closely monitoring Iran-backed organizations and movements. It extensively covered the Iraqi invasion of Kuwait, being the first to report on the Kuwaiti government’s meeting in Saudi Arabia in 1990. The magazine also provided detailed coverage of Palestinian President Yasser Arafat’s departure from Beirut in 1982, uncovering the secret negotiations that led to his exit.

Over the years, Al-Majalla has interviewed some of history’s most influential figures, including US President Ronald Reagan, British Prime Minister Margaret Thatcher, King Hussein of Jordan, Egyptian President Hosni Mubarak, poet Nizar Qabbani, and boxer Muhammad Ali. As a trusted reference, Al-Majalla has also attracted a distinguished group of writers, intellectuals, and specialists from across the region and the world, such as Nobel Prize-winning novelist Naguib Mahfouz, Syrian poet Nizar Qabbani, and Sudanese novelist Tayeb Salih.

Since its relaunch two years ago, Al-Majalla has achieved significant milestones and secured exclusive interviews, reinforcing its prestigious status in the region and beyond. Among its key achievements was an exclusive report on a “ceasefire proposal” in Gaza, which gained widespread attention from major Arabic and international media outlets.

It also exclusively published the “full story” of former Syrian President Bashar Assad’s escape, revealing details never told before about the days leading to the fall of the Assad regime. Other widely covered investigative pieces included “top-secret” communications between Israel and the Assad regime and the Hamas-Fatah agreement on Gaza governance.

Additionally, Al-Majalla conducted exclusive interviews with key political figures shaping today’s landscape, such as former Turkish President Abdullah Gül and NATO Secretary-General Mark Rutte — making it the first Arab media outlet to interview him after he assumed his new position.

Jomana R. Alrashed, CEO of SRMG, reflected on Al-Majalla’s enduring legacy: “For over four decades, Al-Majalla has documented the transformations of the region and the world, staying at the forefront of unfolding events while maintaining a steadfast commitment to in-depth, credible, and accurate reporting. Its legacy stands as a testament to a clear editorial vision, upheld by an exceptional team of distinguished journalists and intellectuals, driven by unwavering passion and dedication.”

Speaking on Al-Majalla’s relaunch two years ago in a refreshed and modernized format, Alrashed highlighted the evolving role of media: “In today’s rapidly shifting media landscape, we must honor our strong heritage while embracing modern platforms and formats that resonate with the next generation of readers, leaders, and decision-makers. Our role extends beyond news reporting — we are a mirror to reality, a window into the future, and a bridge that connects generations politically, culturally, and socially.”

Beyond its journalistic achievements, the platform has been recognized for its visual storytelling and illustrative journalism, winning prestigious awards alongside major international media institutions like The New York Times, The Washington Post, and The Economist. Among these accolades were two international awards from the Society of Illustrators in New York, honoring the artwork “A Grim Anniversary” on the first year of the Russia-Ukraine war and “Pursuing Fusion” on nuclear fusion. The magazine also made the shortlist for the 2025 Communication Arts Awards, competing among 2,867 artistic entries worldwide.

The transformation over the past two years has led to remarkable success. Page views have surged by 910 percent, daily visitors have increased by 714 percent, and monthly visitors have grown by 629 percent.

To continue to stay ahead in the digital era, Al-Majalla launched its talk show, Hadith Al-Majalla, featuring influential figures discussing key cover stories. Guests have included American expert Andrew Tabler, former Lebanese Prime Minister Fouad Siniora, former Palestinian Foreign Minister Nasser Al-Qudwa, and former Iraqi Foreign and Finance Minister Hoshyar Zebari. The magazine also hosted a panel discussion at the renowned Frontline Club in London, where former US Ambassador Robert Ford participated in a debate as part of the Debating MENA series, attended by top media figures, diplomats, and experts.

Editor-in-Chief of Al-Majalla Ibrahim Hamidi said: “Today, we celebrate 45 years since the founding of Al-Majalla. This distinguished legacy, crafted with expertise and foresight by leading journalists and intellectuals, presents both an opportunity and a challenge for us. It is an opportunity to build upon this rich heritage with a modern, forward-thinking approach that resonates with the world today, and a challenge that motivates us to preserve, enrich, and elevate this legacy with the highest standards and ambitious goals.

“Over the past two years, in the age of the information revolution, we have focused on delivering insightful, in-depth content, enhanced by elegant language and cutting-edge visual and interactive media, distributed across social platforms to reach a wide and diverse audience. Our mission is to serve as a dynamic bridge that connects our region to the world and unites generations. Just as Al-Majalla transformed magazine journalism more than four decades ago, we now aim to take competitiveness to new, uncharted heights.”